The economic situation in the United States is precarious to say the least
3.8 million Americans could potentially be facing eviction in the next few months
The median rent in the US topped $2,000 in June
As a result of these alarming rent increases, people are resorting to using credit cards and loans, dipping into savings, selling assets, and even digging into their retirement funds just to pay for rent
Interesting economic background information about the current rent crisis
These rent hikes are coinciding during a time when "Americans added another $40.1 billion to their debt load in June alone."
Over the past year, credit card debt has skyrocketed by 13%, the largest increase in over two decades.
The economic situation unfolding across America is not good
and that's putting it lightly.
Republicans need to go beyond the typical chatter about tax cuts and start talking more about the structural economic problems the US is facing
This is the product of a bloated regulatory environment and an easy money system that generates mass inflation
https://bigleaguepolitics.com/are-millions-of-americans-going-to-face-evictions-in-the-upcoming-months/
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